*Says this is one of the benefits of local refining The Dangote Petroleum Refinery and Petrochemicals has reassured Nigerians of its commitment to stabilising the domestic petroleum market following recent disruptions in the global oil industry triggered by tensions in the Middle East. In a statement on Thursday, the refinery said the ongoing conflict in the region has forced several refineries worldwide to shut down or reduce production, creating a tightening supply of refined petroleum products. The situation has been worsened by China’s ban on the export of gasoline and diesel, further squeezing global supply. According to the refinery, these developments have driven up crude oil and freight prices, with benchmark Brent crude rising by about 26 per cent within a short period to over ...